CBN unveils new guidelines risk management

•Set out CBN’s views on loan provisioning, disclosure practices After identifying factors that led to the creation of extremely fragile financial system that was tipped into crisis by the global financial meltdown, the Central Bank of Nigeria (CBN) has unveiled revised prudential guidelines for Deposit Money Banks (DMBs) to reduce potential risks in the future. Samuel Oni, director of banking supervision, CBN, said in a statement that the objectives of the guidelines include •promoting enhanced ...
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Added July 07, 2010
from Businessday Nigeria